MetLife Term Life Insurance for Marijuana Users

If you’re searching for the very best life insurance companies in the business, it’s crucial that you do some research. There are hundreds of insurance companies to choose from, and most of them are going to consider your application differently. One of the most useful methods to compare all of the various insurance companies is by going through an independent agent, like us. Rather than representing a single insurance company, our insurance agents represent a variety of highly-rated companies and will connect you with the best insurance policy out there. We’ll discuss in this article MetLife Term Life Insurance.

MetLife is one of the multiple insurers that our agency represents. Because of this, it is our responsibility to offer you impartial information that is prepared to help you reach the best decision for you and your loved ones. MetLife has been insuring individuals and families for over 140 years. They presently provide insurance protection for over 90 million individuals, in about 60 countries. In this article, we’ll review their financial ratings, product offerings, when we recommend them, and how they compare when it comes to underwriting and rates.

MetLife’s Financial Strength

Financial ratings are extremely important when deciding on an insurance company. MetLife has been rated very highly by the various rating agencies. This means that they are highly likely to cover their financial obligations and claims. Below is an example of their financial strength ratings.

• A. M. Best Company gives MetLife an A+ (Superior) rating
• Fitch Ratings gives MetLife a rating of AA- (Very Strong)
• Moody’s Investors Service gives MetLife Aa3 (Excellent)
• Standard & Poor’s gives MetLife a rating of AA- (Very Strong)

As you can plainly see, MetLife has high ratings with every third-party rating agency. If you’re searching for a reliable and financially stable company, MetLife is an excellent choice. These ratings can provide peace of mind, knowing that you’re buying life insurance from a reputable organization that will be there when you need them most.  It is very important to know what drugs life insurance companies test for.

MetLife Term Life Insurance

MetLife’s Term Insurance product is for individuals who need $100,000 or more in coverage, MetLife provides term life policies with guaranteed fixed premiums. This indicates your payment will not increase for the length of the policy. Term life insurance policies are the best option for anyone that would like to get the least expensive life insurance rates possible. These policies are effective for the pre-determined set time, traditionally 10, 20, or 30 years. After that term is up, the policy will expire unless you accept a renewal offer provided by the company.

MetLife Term Life Insurance will allow you to convert your term policy to a universal life or whole life policy. This option enables you to convert to a permanent policy without regard to your current health – this means even if you’ve been diagnosed with a chronic illness you can convert your term policy to a permanent one.

MetLife Term Life Insurance Rates

Even while MetLife has very competitive insurance rates, they are generally not in the top three best-priced life insurance companies when it pertains to term life insurance. This is why the majority of the time our clients end up choosing Banner, SBLI, or American General. Some individuals do feel much better selecting a brand they recognize, and in these cases, MetLife makes a great choice as a well known and trusted company.

We also use MetLife Term Life Insurance in certain situations where they usually tend to be priced better than other insurers. Here are a few examples:

Pre-existing Medical Conditions

MetLife is an excellent choice when it comes to some high-risk situations, for instance, they have very competitive rates if you have Type 1 Diabetes, and we’ve also experienced success getting individuals with Epilepsy/seizures approved. While some life insurance companies can be challenging when it pertains to insuring high-risk individuals, we’ve had positive results with MetLife, specifically with these conditions.

Members of the Military

MetLife provides coverage for active military service members, even individuals that have deployment orders. The lives of our service personnel can be difficult enough without the added stress of trying to find suitable life insurance and MetLife has a long history of insuring military members, while other companies will not take the risk.

Marijuana Users

MetLife is probably the only insurance company that will allow marijuana use 4 times a week and still obtain standard non-smoker rates. If you use marijuana once a week you could even get preferred rates. This is definitely something no other life insurer will allow. MetLife will even differentiate between smoking and edibles. For the more avid use, this may be the insurance company to go to. If you use edibles, you could even qualify for Preferred Elite rates depending on how often and how much you consume. MetLife Insurance Company is truly at the forefront of the marijuana movement in life insurance.